Lighter’s LIT token fell back below $5 on September 25 after rallying toward $5.50 following the launch of Bitwise’s Lighter Staking ETP. CoinMarketCap showed LIT near $4.97, with a 24-hour range of $4.87 to $5.49, while the token’s all-time high of $5.54 was set on September 24.
The reversal followed a strong run that had pushed LIT sharply higher before sellers rejected prices around $5.50. CoinMarketCap placed the token’s market capitalization near $1.24 billion and 24-hour trading volume around $99.14 million, with the move below $5 showing that the latest breakout has struggled to hold.
The immediate test is whether LIT can reclaim $5 and stabilize after retreating from its record high. A renewed move above that level would keep the recent rally in focus, while continued weakness below $5 could signal that profit-taking is still outweighing demand following the ETP-related advance.
Source: CoinMarketCap.
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